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thanks for the response Warrand, good to know Graham’s...

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Issue37

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15

14/04/19

14:43

Post #: 38132985
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Originally posted by warrand: ↑

Gents - it is in Chairman's interest to pay a dividend in FY19 from Tancoal and then for IEC to pay a dividend. Firstly Graeme learnt the importance of paying dividends when he ran New Hope and also PT Adaro (both companies were part of the Washington Soul Patt company). He was also a director of Soul Patts. He also knows how important it is to pay a dividend to his minority shareholder in Tancoal, National Development Corp. Next year is a Presidential Election and for security of tenure Graeme will wish to ensure Tancoal is secure and to have a strong relationship with the President of Tanzania as he will be returned to power for another 4 years.

If they achieve NPAT of $5-6m+ (highly possible) IEC can afford to pay a 0.5c dividend. In doing so this significantly re-rates IEC SP (at least 4-5x current SP) and Graeme will understand how important that is as for capital management flexibility and attracting institutional mining funds to IEC.

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thanks for the response Warrand, good to know Graham’s intentions and that there is a possibility of the dividend, this is my preference rather than selling out short at the moment.

IEC Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.690M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$104	103.7K

Buyers (Bids)

No.	Vol.	Price($)
33	76607314	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	18234777	10

View Market Depth

No.	Vol.	Price($)
33	76607314	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	18234777	10
0.003	36866172	17
0.004	13378325	5
0.005	12789600	13
0.006	3300000	3

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